This is how far Tesla’s Model S electric car will get you across the UK June 9, 2014 This weekend, Elon Musk brought his electric car to the UK. Obviously we already have electric cars, but the Model S – the luxury saloon of Tesla, Musk's company – is a cut above the rest. And in a matter of months, it'll get you across most of the UK and Europe. Speaking at the [...]
Elon Musk: “I didn’t think SpaceX or Tesla would work” June 9, 2014 Billionaire tech titan Elon Musk – the brain behind Tesla electric cars, a project to colonise Mars and Hyperloop – has more ideas in a year than most people in a lifetime. But speaking on Radio 4’s Today programme this morning, the serial entrepreneur admitted that he hasn’t always had faith that things will come [...]
What the other papers say this morning – 08 May 2014 May 7, 2014 FINANCIAL TIMES Former chancellors slam Help to Buy Three former chancellors of the exchequer have urged George Osborne to rethink his Help to Buy programme, with the OECD also calling on the government to scale back the mortgage support scheme. Lord Lawson, Lord Lamont and Alistair Darling – all predecessors of Osborne at the Treasury [...]
Tech drags Nasdaq to worst loss since November 2011 April 10, 2014 WALL STREET’S tech sell-off resumed yesterday with biotech firms bearing the brunt as investors pulled their money out of an industry that was booming just two months ago. The sell-off sent the S&P 500 tumbling 2.1 per cent to 1,833.08 last night, while the Nasdaq composite closed down 3.1 per cent to 4,054.11, its biggest [...]
UK tech stocks sink as US bubble fears hit market April 7, 2014 LONDON’S tech stocks stumbled yesterday after US jitters surrounding the sector late last week reached the City, having sent Asia’s tech stocks into freefall overnight. The FTSE 100’s three week rise abruptly ended as the index fell 72.7 points to 6,622.84 after a sell-off on a number of blue-chip tech stocks hurt investor sentiment. Microchip [...]
Wall St The Week Ahead: New earnings season set to start this week April 7, 2014 AFTER their worst week in several years, high-flying stocks that defied gravity throughout 2013 look like they’re in for more punishment. The reason: Despite the plunge, they still look overvalued. Familiar names such as Netflix, Facebook and Tesla Motors, along with a number of biotechnology and cloud-computing stocks, have been hit in the last month. [...]
New York Report: Investors wait for jobs report April 3, 2014 US STOCKS slipped yesterday as investors turned cautious ahead of today’s monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly one per cent. Among momentum stocks, the shares of Tesla Motors fell 2.1 per cent to $225.40 and the shares of Netflix, the online movie rental company, lost [...]
What the other papers say this morning – 03 April 2014 April 2, 2014 FINANCIAL TIMES Greek government’s video turmoil The Greek government was plunged into chaos on Wednesday after the release of a video showing the prime minister’s chief of staff having a politically embarrassing conversation with a senior member of the neo-Nazi Golden Dawn party. Takis Baltakos, cabinet secretary and one of premier Antonis Samaras’s closest aides, [...]
What you need to know before the US open March 28, 2014 US markets are expected to open higher today, following some reassuring news on US consumers. Personal income increased marginally more than expected last month (0.3 per cent), and personal spending was in line at 0.3 per cent. Later, we’ve got the Reuters/Michigan consumer sentiment index reading for March. It’s expected at 80.5, from 81.6 in [...]
What the other papers say this morning – 10 March 2014 March 10, 2014 FINANCIAL TIMES Spotify’s credit line hints at IPO Spotify has secured a $200m credit facility from lenders including Morgan Stanley, bringing the Swedish music company a step closer to a potential initial public offering in the US, according to people close to the deal. The Stockholm start-up, which last year sold equity that implied a [...]